| Product Code: ETC194616 | Publication Date: Aug 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
India`s cerium import shipments in 2024 continued to showcase a high level of concentration, with top exporting countries including China, USA, UK, South Korea, and Belgium. The Herfindahl-Hirschman Index (HHI) remained significantly elevated, reflecting the dominance of these key players in the market. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 23.37%, highlighting the robust expansion of the industry. Despite a slight slowdown, the growth rate from 2023 to 2024 remained positive at 0.68%, indicating a steady upward trajectory in India`s cerium import market.

The India cerium market is expected to witness significant growth in the coming years, owing to the increasing demand from various end-use industries and the increasing adoption of new technologies. The country has a large number of manufacturers who produce cerium products. Additionally, India infrastructure sector is projected to grow at a healthy rate which will further boost the demand for cerium in the near future. Cerium is widely used in automotive, electronic, and defense sectors due to its lightweight and corrosion resistance properties. It finds use as an alloying element for making stainless steel alloys as well as other specialty alloys such as high-speed steels (HSS). Cerium oxide powder finds application in polishing optical components while its salts are used extensively for purifying petroleum products.
The primary driver behind the growth of India cerium market is its low cost compared to most other rare earth minerals which have seen steady increases in price over recent years due to rising global demand. Additionally, the abundance of resources within India makes it an attractive option for buyers looking for reliable sources of ceramic raw materials at competitive prices. Furthermore, technological advancements have enabled manufacturers to utilize smaller quantities with greater efficiency while also making ceramics lighter and more durable which further bolsters its use across different industries including the automotive industry and consumer electronics products.
Despite strong growth prospects in light of increasing demand from numerous industries worldwide, there are certain challenges that face the India cerium market today which may impede future development opportunities. One major issue relates to environmental regulations concerning extraction methods employed by miners who are often ill-equipped or lack basic safety measures when harvesting these minerals from their natural deposits located deep within mountainous regions???this could lead to adverse effects on nearby ecosystems if not monitored closely by local authorities. In addition to this, there is limited access to research data surrounding new technologies related specifically to mining processes involving rare earth elements like Cerium so innovation progress might be slow going until more information becomes available online or through collaborative efforts between government agencies/institutions and private enterprises working together on projects aimed at improving existing methodologies associated with extraction operations (e..g., drilling techniques).
The major players operating in India ceramic industry include CSIR - National Metallurgical Laboratory (NML), Hindustan Zinc Ltd., Kothari Ferro Alloys & Industries Ltd., HEG Limited, Navin Fluorine International Ltd., Uma Group Of Companies, Superon Schweisstechnik India Pvt Ltd., Sterling Abrasives Limited, etc.
In 2025 due to Covid 19 pandemic outbreak, many businesses faced severe disruption as it disrupted global supply chains leading to production activities slowdown resulting in lower demands & revenue generation capabilities among others; however despite all odds, India Cerian Market still managed some stability since consumer electronic products such as smartphones require these metals even during times when economies remain fragile thus allowing key players operating in this domain become resilient & manage profitability amidst harsh economic conditions created by the pandemic situation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cerium Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cerium Market Revenues & Volume, 2021 & 2031F |
3.3 India Cerium Market - Industry Life Cycle |
3.4 India Cerium Market - Porter's Five Forces |
3.5 India Cerium Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Cerium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for cerium in automotive catalytic converters due to stricter emission regulations in India |
4.2.2 Growing adoption of cerium-based glass polishing applications in the electronics industry |
4.2.3 Rise in infrastructure development projects leading to higher demand for cerium-based construction materials |
4.3 Market Restraints |
4.3.1 Fluctuating prices of cerium due to supply chain disruptions and geopolitical factors |
4.3.2 Environmental concerns related to cerium mining and extraction processes impacting market growth |
5 India Cerium Market Trends |
6 India Cerium Market, By Types |
6.1 India Cerium Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Cerium Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Cerium Market Revenues & Volume, By Glass, 2021-2031F |
6.1.4 India Cerium Market Revenues & Volume, By Catalysts, 2021-2031F |
6.1.5 India Cerium Market Revenues & Volume, By Alloys, 2021-2031F |
6.1.6 India Cerium Market Revenues & Volume, By Others, 2021-2031F |
7 India Cerium Market Import-Export Trade Statistics |
7.1 India Cerium Market Export to Major Countries |
7.2 India Cerium Market Imports from Major Countries |
8 India Cerium Market Key Performance Indicators |
8.1 Number of automotive companies adopting cerium-based catalytic converters |
8.2 Investment in RD for cerium-based applications in electronics industry |
8.3 Percentage increase in infrastructure projects using cerium-based construction materials |
9 India Cerium Market - Opportunity Assessment |
9.1 India Cerium Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Cerium Market - Competitive Landscape |
10.1 India Cerium Market Revenue Share, By Companies, 2024 |
10.2 India Cerium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |